How does it work
The 730/2021 model provides for deductions and deductions for taxpayers who, for various reasons, have made donations during 2020. Those who have allocated part of the taxes in favor of ONLUS or organizations of social importance, can report it in the tax declaration. Based on the characteristics and nature of the institution that received the disbursement, it is possible to obtain a deduction ranging from 19% to 35%.
Within Part E, Section I, lines from E1 to E14, it is possible to insert the different types of disbursement to enjoy the consequent tax benefit. In most cases, the tax deduction can be 19%, 26% or 30% for those donations that the taxpayer chooses to allocate to ONLUS and APS. The amount of the deduction, on the other hand, rises to 35% when disbursements are made in favor of OV, ie Voluntary Organizations.
Those who insert these expenses in the 730/2021 model will be able to benefit from advantageous tax deductions up to 35% also for disbursements in favor of combating Covid-19
This year, all those donations, in cash or in kind, made for interventions to combat Covid 19 are welcomed in the 730/2021 model. commercials can receive a 30% income tax deduction on disbursements. This rule applies up to a maximum amount of 30,000 euros. Those who have made business income, on the other hand, will be able to benefit from the deductibility of charges on disbursements. These are some aspects that the Revenue Agency has also clarified in response to question no. 150 of 4 March 2021. All those subjects who have therefore provided donations for various reasons, can insert the same in Part E of the 730/2021 model and benefit from the respective tax benefits.
Who does not have to present the 730/2021 form and is exempt from the tax return